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Savings Builder

Build your savings with our regular savings account

To apply you must be aged 16 years or over, already hold a NatWest International current account and be resident in either Jersey, Guernsey, Gibraltar, Isle of Man or the UK.

Why choose Savings Builder?

  • Great interest rates when you grow your savings by at least £50 per month
  • No minimum deposit to open your account
  • Instant access to your savings whenever you need them
  • Exclusively available to our current account customers

In detail: Savings Builder

What's the interest rate?

The regular saving condition has been met if the account balance grows by at least £50 a month.
Interest is paid on the above tiers on a stepped basis which means you’ll earn a different rate on each portion of your balance within the above tiers. If, for example, you hold £11,000 in your account, and you have satisfied the regular saving condition, your interest rates for that monthly period will be: 1.50% on the first £10,000 and 0.01% on anything over £10,000. You can find details of the regular saving condition in the Additional information section. Interest is calculated daily and paid on the first business day of the month and at account closure. You’ll be able to see and access the interest in your account on the following day.

Can NatWest International change the interest rate?

Yes, the interest rate is variable. The rate may increase or decrease for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees to account for the Bank of England's base rate changes or changes in the rates paid by other banks. If the rates are going down we'll give you at least 60 days' notice. If they are going up, we'll inform you before the change or shortly afterwards. Term 10.4 of the Personal Banking Account Terms and Fees contain details of the notice we'll give you.

How much interest could I earn?

£50 deposited every month: regular saving condition is met

£25 deposited every month: regular saving condition is not met

These are only examples and do not take into account your individual circumstances. They assume that no further deposits or withdrawals are made, that there is no change to interest rates and tiers, and any interest earned stays in the account.

How do I open and manage my account?

  • You must be aged 16 years or over to open an account.
  • You must already have a current account with us, or apply for a current account with us at the same time as opening your Savings Builder account.
  • You can only have one Savings Builder account in your sole name and only one Savings Builder account in joint names with another person.
  • You can open your account online, in branch or by telephone banking. To open an account online or by phone, you will need to be a registered user of these services.
  • No minimum deposit is needed to open the account; and there is no maximum balance limit.
  • Each month your balance must grow by at least £50 to earn interest. If your balance grows by less than £50 in any month, you will not earn interest.
  • Money can be managed online, via the mobile app, by telephone or in branch. You can also pay money into your account at one of our cash deposit machines.

Can I withdraw or transfer money?

Yes, Savings Builder is an instant access savings account means that you can withdraw or transfer your money at any time without giving notice.

You can withdraw or transfer money:

There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking. You can find out the current daily limits on this website, by contacting telephone banking or asking in branch.

However, if your withdrawal means that your overall balance has not increased by £50 on your previous balance amount recorded on the second-last business day of the previous month, you will not earn interest for that month.

Common questions

Definitions

AER: Stands for Annual Equivalent Rate. It shows you what the rate would be if the interest was paid and compounded each year.

Gross Rate: This means the interest rate you are paid without deduction of income tax.

p.a.: Per annum (per year).

Ready to apply?

Before you apply, we've outlined the eligibility requirements for the account below, along with our terms and conditions to make sure it's the right account for you. If you're happy, we'll run through a few quick questions to make your application as easy as possible.

You can apply for a Savings Builder account if you are:

  • aged 16+, and
  • resident in the Channel Islands, Isle of Man or Gibraltar (you must be an existing customer with us if you are resident in Gibraltar), and
  • an existing NatWest International current account holder

Please review our important information

By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Online banking.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Great, let's get started...

To speed up your application for a Savings Builder account, we need to run through some quick questions with you. They'll only take a few minutes.

Are you an existing Premier Banking customer?
Please tell us if you already hold a NatWest International Premier account.
Do you use Online Banking?
If you're registered for Online Banking, we'll pre-fill your application to save you time.
Would you like to apply for a sole or joint account?
Please tell us if the application is just for you or a joint application.

Great, looks like you're all set and ready to go!

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

Great, looks like you're all set and ready to go!

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

Would you like to apply for a sole or joint account?
Please tell us if the application is just for you or a joint application.

Great, looks like you're all set and ready to go!

Just so you can have what you need to hand, here's some of the information we'll ask for:

  • Your sortcode & account number
  • Your personal details (name, date of birth etc.)
  • Your address & contact details
  • Your tax identification number & passport number

Great, looks like you're all set and ready to go!

Just so you can have what you need to hand, here's some of the information we'll ask for, from each applicant:

  • Your sortcode & account number
  • Your personal details (name, date of birth etc.)
  • Your address & contact details
  • Your tax identification number & passport number

You can still apply today

This is the Savings Builder account application for Premier Banking customers.

You can find out more about becoming a Premier Banking customer or applying for a Savings Builder account below.